Soci?t? G?n?rale intending to acquire a bank in Azerbaijan

Rufat Aslanli, Deputy Chair of the Directors' Board of the National Bank, said Soci?t? G?n?rale has operated a representative office in Azerbaijan since 2004 and its main aim is to establish a bank.

“Negotiations are ongoing with several banks in Azerbaijan. The target bank has not been specified yet,” he noted.

Citibank and Commerzbank are also expected to open their representative offices in Azerbaijan soon.

/APA/